Tianjin's "Financial Support to Promote Consumption" special action is showing results, with the balance of loans in key areas increasing by 26.91% year-on-year.

On the 5th, it was learned from the Tianjin Branch of the People's Bank of China that since the beginning of this year, the branch has actively organized financial institutions in the city to carry out the special action of "Financial Escort Promoting Consumption", taking multiple measures to expand credit lending in the consumption sector, and has achieved significant results. As of the end of September, the balance of loans in key service consumption areas such as accommodation and catering, culture and entertainment, education, and residential services in the city increased by 26.91% year-on-year, significantly higher than the average growth rate of loans during the same period.